Tag: rice procurement
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India’s rice glut crisis: why deep OMSS discounts are now unavoidable
Record stocks leave India with no room to manoeuvre African demand emerges as the only viable outlet as global prices collapse India harvested a record 146.1 million tonnes of rice in the crop year to June 2025, far surpassing local demand of 120.7 million tons. These volumes are large enough to meet domestic consumption requirements…